GPT swoops on Lendlease malls in $1.2b deal (opens original article in a new tab)

GPT Group acquired two Australian shopping centres from Lendlease in a $1.2 billion deal, expanding its mall investment portfolio.

• GPT Group acquired two shopping centres in Australia for $1.2 billion
• GPT took over the investment from Lendlease's fund
• Lendlease faced difficulties managing the Australian Prime Property Fund Retail